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Schlumberger Posts $8.5 Billion Pretax Charge In Q1 Primarily Relating To Goodwill Impairment
SIX Exchange Regulation Approves Schlumberger Limited's Application To Delist Secondary Listed Registered Shares
Block Energy To Buy Schlumberger B.V. unit
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group consists of the principal technologies involved in the drilling and positioning of oil and gas wells. The Production Group consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Integrated Production Services (IPS) and Schlumberger Production Management (SPM). The Cameron Group consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.
Oil Well Services & Equipment
5599 San Felipe St Fl 17
Mark G. Papa
Non-Executive Chairman of the Board
Olivier Le Peuch
Chief Executive Officer, Director
Chief Financial Officer, Executive Vice President
Donald William Ross
President - North America Land
President - Integrated Performance Management
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Schlumberger, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.
Schlumberger NV <SLB.N>, the world's largest oilfield services firm, on Friday reported a first-quarter loss due to $8.5 billion in charges, as customers accelerated spending cuts amid the continuing decline in oil prices.
Schlumberger NV said on Friday it recorded an $8.5 billion charge to earnings as the world's top oilfield services provider slashed the value of some of its units following the collapse of oil prices.
* HAS APPROVED SCHLUMBERGER LIMITED'S APPLICATION TO DELIST ALL OF ITS SECONDARY LISTED REGISTERED SHARES Source text: https://bit.ly/3aKKUHG Further company coverage: (Gdansk Newsroom)
Oilfield services company Schlumberger on Tuesday won an appeals court decision that likely finishes off a patent infringement case brought by a former oil and gas industry scientist.
Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Top oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Schlumberger , the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.
Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year versus 2019 as oil prices collapse and it prepares for a downturn.
Growth in U.S. shale oil production will slow sharply over the next two years, the chief executive officer of U.S. oilfield services giant Schlumberger said on Tuesday.
Schlumberger NV <SLB.N> on Friday outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.
Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.
Schlumberger, Halliburton Co and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.
U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa, shale pioneer and non-executive chairman of Schlumberger, told Reuters.
Schlumberger NV <SLB.N> Chief Financial Officer Simon Ayat is stepping down after nearly 12 years in the role and will be replaced by second-in-command Stephane Biguet, the top oilfield services provider said on Tuesday.
Oilfield services provider Schlumberger NV said on Tuesday its Chief Financial Officer Simon Ayat will step down in January 2020 after spending nearly 12 years in the role.
Schlumberger NV's <SLB.N> new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Oilfield services provider Schlumberger NV on Friday reported a quarterly loss, compared with a profit a year earlier, as it recorded a goodwill impairment charge of over $12 billion.
Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns.
Schlumberger NV Chief Executive officer Olivier Le Peuch said on Wednesday the world's largest oilfield service provider would look to sell or exit businesses that do not meet its profit goals, less than two months after taking the top job.
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